The Quicksand Story

Our story through the quicksand of our own financial crisis

Archive for the tag “Credit score”

What the hell is wrong with us?

Driving the children to school today I heard a commercial for a title loan on your car. The premise of the commercial is: why would you go and get a job paying money, even one you don’t like, when you can just go and get a title loan on your car and get the money that you need. Every inch of my brain screams out at this. Haven’t we gotten into enough trouble in this world borrowing money and not honestly working for it? Yet these companies are continuing to promote that lifestyle. A world of excess, living outside our means and not working for our income.

We as citizens are expected to earn a living and pay our bills, where is the responsibility of the bankers and large corporations for making honest deals. I don’t call advertising to borrow money on your car an honest deal, especially when they make it seem that the money doesn’t have to be paid back. Wake up America!!!! Take responsibility for your actions. Don’t buy it if you don’t have the cash and if you need money go and work for it, let’s stop borrowing money to only dig ourselves deeper in debt.

Let’s look at the credit reporting agencies too. They want you to get more credit cards to improve your credit score. What happens when you don’t have quite enough money coming in to live. Maybe you are just $100 short every month. You are tempted to charge the medicine you need, or you have to have TV so you charge the bill every month. What do you do when you reach your max? How do you pay down the card? Not only do you owe more on the card, but you can’t pay what bills you have. The cycle perpetuates, you credit score drops and you owe even more money. Quicksand!

Consider an alternate option. It is really a simple one. Cancel the TV service. Then all of your bills are paid and you don’t need to have that credit card. Stash away a cash reserve for the emergencies. Stay cash! If you have the cash buy it, if you don’t leave it. Your credit score will still drop but at least you can afford to live. Why is a credit score so important anyway? It is so that the large banks can make more money. We have been fooled into thinking that we need credit in our lives. We don’t!

I know it is difficult when you don’t have enough money coming in to cover he bills. I know that constantly being hounded by creditors is tiring and makes everything difficult. But ultimately how did we as a society get into this pickle? We borrowed too much money to support a life we couldn’t afford and we couldn’t pay it back. Many of us will be paying it back for decades to come. Wake up and smell the coffee, or the shit from the shit storm. We made this mess and only we can clean it up. Personal responsibility is part of what will clean it up. Going back to a cash based life is part of that responsibility.

Most of all stop these commercials that glamorize debt.  Come on!! It’s time to wake up!

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600 Bucks Short

This time was different.  I had cars yanked 3 times before.  But every other time I had some warning.   Either it was just so far behind that it was inevitable or I saw them pull up the street and down the driveway.  I always had the time to pull my personal effects out of the car.  I remember it as if it were yesterday.  It was June and since we couldn’t afford the AC on our windows were open.  I remember I lay their dreaming.  I heard the truck pull up to the driveway and back in.  I heard his truck door open and I heard him start to leave.  But I didn’t move.  I was still asleep.  It was as if I was having and “outer body experience” you know one of those mornings that you’re still asleep but you’re dreaming that you’re on stage dancing like a rock star to Sheena Easton.  Only to find have some dude chime in with the morning traffic report and you unfortunately wake up to realize you were dreaming to your clock radio.  Only problem this time is when I woke up I still herd the truck.  I jumped up out of bed only to look out the window and see the tow truck put on his yellow strobes and turn right out of our driveway with my truck on top.  I almost threw up.  I had so many things rushing though my head.  Oh my god what will my neighbors think, did they see,  what did I have inside, would they know I worked for AWD, I just got it washed, worse…I just filled it up with gas, even worse…did they see my mini-van and were they going to come back for that one later.

I jumped in the shower and was out the door in a matter of 10 minutes.  I knew that sometimes they would stage there repo’s in parking lots then grab another an tow one on the bed and one behind.  I didn’t want him to show back up and grab my mini-van too.  If I could have chosen one car for them to take it would have been the mini-van.  We have three kids and they are slobs.  They would have filled up 10 bags pulling all the stuff out of that van.  I am sure they would have stuck to a few things in there as well.  So I left Karen and the kids at home and I drove off to work and show up a little early.  Once again Karen was there to deal with something alone.  We spoke on the phone but it’s not like being there.

Later that day I called Ford.  The only way I could get the truck back was to pay it off.  I tried to just make it current.  I could have done that on Friday, I wouldn’t have had much food for a week but hey we have had less.  They wouldn’t budge.  They wanted it all or nothing.  I tried to speak to a supervisor.  They wouldn’t let me.  I couldn’t afford an attorney so I just let it go.  I gave up.  In the end I got a bill from Ford for $399.00.  The balance after the auction.  It’s just another thing to clean up.

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